Queen City contains the following properties. Answer all of the following questions.

In addition, all property is currently taxed at 3% of the assessed value.

(a) What is the average effective tax rate on residential property?

(b) Which class of property has the highest effective tax rate?

(c) Which parcel has the lowest effective tax rate?

(d) What is the coefficient of dispersion (C.D.) for commercial property?

Assessed Value Market Value $25,000 30,000 37,000 38,000 66,000 $80,000 110,000 115,000 165,000 195,000 Parcel Residential Properties: R-1 R-2 R-3 R-4 R-5 Commercial Properties: C-1 C-2 C-3 C-4 C-5 Industrial Properties: I-1 I-2 I-3 $90,000 165,000 210,000 300,000 810,000 $200,000 400,000 400,000 1,000,000 2,000,000 $1,000,000 1,700,000 5,750,000 $2,500,000 4,000,000 10,000,000